Cap rates, rent trends, and underwriting benchmarks for Washington, D.C. apartment investors.
Government and defense contractor employment provide recession-resistant demand. NoMa, Navy Yard, and the 14th Street corridor are the top rental submarkets. Virginia suburbs (Arlington, Alexandria) trade at tighter cap rates. D.C.'s rent control ordinance applies to older buildings.
Agency lending dominates. 1.20x DSCR typical. D.C. rent control and TOPA (Tenant Opportunity to Purchase Act) require specialized legal and underwriting expertise.
Upload any Washington, D.C. offering memo, T12, or rent roll. Get a full underwriting report with deal grade, sensitivity analysis, and Go/No-Go verdict in under 2 minutes.